UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 22, 1999
ASIA SUPERNET CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 000-7619 93-0636333
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(State or other jurisdiction (Commission File No.) (I.R.S. Employer
of incorporation) Identification No.)
1281 Alberni Street, Vancouver, British Columbia Canada V6E 4R4
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(Address of principal executive offices) (Zip Code)
(604) 685-8318
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(Registrant's telephone number, including area code)
POWERSOFT TECHNOLOGIES INC.
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(Former name or former address of registrant, if changed since last report)
Item 5. OTHER EVENTS
At a Special Meeting of Shareholders of Powersoft Technologies Inc., a
Delaware corporation ("Powersoft"), held on November 10, 1999, the shareholders
of Powersoft and the shareholders of Asia SuperNet Corporation, a Colorado
corporation ("Asia SuperNet"), approved a proposal to reincorporate Powersoft
under the laws of Colorado pursuant to an Agreement and Plan of Merger (the
"Agreement") between Powersoft and Asia SuperNet (the "Reincorporation Merger").
The Reincorporation Merger was effective as of December 22, 1999. Approximately
53.03% of the holders of the common stock of Powersoft voted in favor of the
Reincorporation Merger. Powersoft had no other classes of stock issued and
outstanding. Upon completion of the Reincorporation Merger, Powersoft ceased to
exist and by operation of law, all of the assets of Powersoft were vested in
Asia SuperNet and Asia SuperNet acquired all of the liabilities of Powersoft. As
a result of the Reincorporation Merger, each thirty outstanding shares of
Powersoft's common stock were automatically converted into one share of Asia
SuperNet's common stock. Under Rule 12g-3(a) adopted under the Securities
Exchange Act of 1934 (the "Act"), the common stock of Asia SuperNet issued to
the holders of the common stock of Powersoft pursuant to the Reincorporation
Merger automatically became registered under Section 12 of the Act.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
Exhibit Description
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2.1 Agreement and Plan of Merger
2.2 Certificate of Merger
2.3 Articles of Merger
2.4 Certificate of Correction
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ASIA SUPERNET CORPORATION
Dated: December 30, 1999 By: /s/ Robert H. Trapp
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Robert H. Trapp
Secretary and Treasurer